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, which will raise the top tax rates and therefore is rejecting john boehner's conciliatory idea of limiting tax deductions. is that the way it is? boehner just got dissed today? >> i think the president is reminding republicans that they lost and that after a vigorous come pain with many of the same ideas that the republicans are trying to defend now, that's goinged not -- if he's serious, he'll willing to make a deal but he's not willing to make a bad deal. on that the president is very firm. >> i wonder if he doesn't want high tax rates and caps on deductions so he can have more revenue to spend. the reason i have that logic is once again today at this campaign rally, or whatever today was, he didn't mention the word spending cut, never once. >> it's not in his vocabulary. one thing we know about president obama is he campaigns to the middle but he kind of straights from the left and what i fully anticipate is there's a reason why dick durbin, who was his senate partner from oil know, is saying which they went to 100% tax rate on million favors and people making above 250,000,
the table from the democrats' perspective? >> absolutely. the thing is is that john boehner and the republicans, the last time we went around these negotiations, remember it was june of 2011, on the debt ceiling negotiations, the president and the speaker played golf, and there were all those grand bargain talks behind closed doors. republicans tried to put it on the table back then, and democrats said, absolutely no way. and i think they're going to get a similar response this time. remember, it was just a few weeks ago when john boehner after the election essentially said, there's nothing we can do about obama care. it's going into effect next year. people are going to have to start enrolling, those exchanges are going to have to get up and running. he saw a revolt among his house republicans and republicans across the united states, just for saying it. now john boehner is doing a little backtracking. he wrote in the cincinnati enquirer, his hometown newspaper, the president's health care law adds a massive, expensive, unworkable government program at a time when our natio
rights leader gave up his seat in congress after 17 years. in a resignation letter to house speaker john boehner writing in part, "my health issues and treatment regimen have become incompatible with service in the house of representatives." jackson has been hospitalized on and off since june for treatment of bipolar disorder, seen here while a patient at the mayo clinic. cook county officials are weighing options for a special election to replace jackson. >> i think he feels that district needs somebody in a healthier position than he is to represent them. >> reporter: his letter makes some striking admissions about his own, "mistakes." jackson has been in talks with the justice department, as federal prosecutors examine whether he misused campaign money to buy personal items, including an expensive watch. jackson writes, "i am doing my best to address the situation responsibly, cooperate with the investigators and accept responsibility for my mistakes, for they are my mistakes and mine alone." jackson adds, "i pray that i will be remembered for what i did right." >> that was nbc's kell
john boehner and the senate majority leader harry reid over the weekend. and the president is confident they can work out some sort of agreement. mike emanuel on fox top story live in the d.c. newsroom tonight. mike, it looks like some republicans are changing their tunes. >> shep, republicans say they favor both major spending cuts and additional revenue from tax reform with lower tax rates. the pledge you mentioned is identified with americans for tax reforms grover norquist who has gotten many republicans to promise they won't vote to raise taxes. south carolina senator lindsey graham is pushing back saying capping deductions would help generate revenue. the top republic on the senate budget committee explained graham's position. >> he is conditioning any tax increase on fixing these programs, social security and medicare, particularly in making sure that they are sound for the future. so that's lindsey's position. and he has talked about accepting revenue to accomplish that goal. >> republicans continue saying they don't want to increase tax rates arguing that will hurt job growth.
obama and john boehner. here's how we finished the day on wall street, near the highs. up 105 points. 12,983. we'll have technicians looking at this day, seeing if it's a key reversal. the s&p also in positive territory. market driven by headlines and bluster out of washington. yep, that's what investors should expect short term. maybe until january 1st. should they also expect a rally any time soon? according to ryan dieterich, rally could most definitely be headed our way. >> he joins us now to explain along with peter anderson from congress asset management company. bill mcvail from turner investment partners and our very own rick santelli. peter, i have to begin with you. with a name like congress asset management, is congress going to come through for your assets? >> well, i wish i had an inside scoop on that, but unfortunately, we're also left to speculate at this point. but i will say this. what's incredible about this market is the way the market moved up today, it's an instant polling network that the government can use, actually, to kind of float trial balloons to us and get a
house speaker john boehner and harry reid this weekend for avoid efforts on fiscal cliff. on wednesday president obama will seek more input from top ceos, including gold man's lloyd blankfein and caterpillar's doug owner hill man. a number will travel to washington to try to reach a deficit cutting deal as part of the fix the debt campaign. so all things fiscal cliff still pre-dominate. we have a time clock that's quickly running out. how important is it that we get an agreement before the end of the year? >> this is like the debt ceiling argument. people got into a panic. that's something we even imposed on ourselves to decide that the debt shouldn't go too high. so it's not a bad thing. same with the fiscal cliff. what are we saying with the fiscal cliff? we're saying the economy might be revealed to be what it's actually doing because we'll take away the artificial supports because we think it's held any enough now to maybe after itself. that might entail a step drop because at the moment we're giving these tax breaks, but we're doing it out of our saving. >> but the point isn't jus
said that both spending cuts and new revenue need to be on the table. house speaker john boehner said that obamacare should be fair game, also. we have a former rnc spokesperson and dnc spokesman. great to see you both. there is a lot of finger-pointing and blame. but the fact is, enough people voted on what has gotten us to this point. who steps up at this point? and has a chance to show leadership and get something done? >> i think the president is in the right position to do that. i am a little bit worried about speaker boehner's position, that's what the op-ed, saying obamacare should be on the table. one, the congressional budget office took a look, if you repealed obamacare entirely, it would cost $109 billion. so i don't think the speaker's put it on the table because it helps, i think he put it on there for positioning. but there is a problem there. the american people have had this debate. mitt romney maid the case that obamacare should be repealed and said it would be the first act. he made that case forcefully, in debates, ads, throughout the campaign. 40% of america greed
speaker john boehner and republicans want bigger cuts in government spending. thanksgiving gave lawmakers a quick break from the fiscal cliff conundrum. now it's time to hunker down and get back to business. >> reporter: after meeting with president obama before the thanksgiving holiday -- >> i want to welcome the congressional leadership here. >> reporter: -- congressional leaders expressed optimism to reaching a deal. >> we had a very constructive meeting with the president. to talk about america's fiscal problem. >> we have a corner stones of being able to work something out. >> reporter: staffers have been working behind the scenes to fine common ground. among the big sticking points how to bring in more tax revenue and reduce spending on programs like medicare. but it's not yet clear when lawmakers and the president will meet next. even if some progress is made this week a final deal could still be a long way off. >> we rarely see the hill and the white house make decisions early. they tend to do better when they have a deadline so i would be pleasantly surprised to see it, a deal em
or a republican, this should be priority number one, it's when john boehner had the new freshman tea partiers come in in 2010 and facing the debt ceiling, he characterized the first adult moment for the new freshmen congressmen and i think this is the second adult moment. can we get beyond party politics and rigid ideology and come with a compromise that will benefit the american people? we need both to look seriously at spending cuts and revenue generation for the country right now. >> all right, so let's-- >> and let's put a couple of ideas on the table and angela, i'm surprised you would say obamacare should not be on the block, and what do you think should be on the block? what kind of-- if we're talking about spending here, where would you want to make cuts, angela? >> well, first of all, we should cut the wasteful spending that we have with the department of education, with the department of energy, i can go down the list, but rick, the reason why i don't want obamacare on the table. it will politicize this process, in 2010 congress had referendum on obamacare and that's why the republicans
moore, editorial board, good morning to you, steven. >> hi, good morning. >> john boehner is clear, he does not want to raise rates, he wants to give in if at all on deductions and write-offs saying they can essentially write off the same amount for the treasury, what should republicans do here? >> it's an interesting dilemma the republicans find themselves in, dave. most of them, as you know, have taken this no tax pledge, which is the pledge to voters that they won't raise taxes on anybody, and so, now president obama is saying we're going to raise the taxes on the rich and he won't sign any bill that doesn't have a tax increase on the rich, so, the two parties are still at logger heads. i personally think given the still fragility of this economic recovery, the economy still isn't sputtering on one cylinder now, and high unemployment. it doesn't make sense to me to raise taxes on businesses or investors. that's where we stand right now. i don't see an agreement anytime really soon because the two sides are still so far apart. >> i'm a betting man, steven, would you imagine that the
: that is your congressman? caller: yes. john boehner and nancy pelosi need to get together, organized all the votes they need to pass the bill that is already passed through the senate, which is the 250,000 and below, maintain the bush tax cuts. if they did that and went ahead and passed that bill, that would put the issue of the other foot -- the shoe on the other foot in regard to congress would show good faith in the effort to avoid the fiscal cliff. that would force the democrats to seriously look at fiscal reduction. it would demonstrate the fairness aspect of the rich paying a little more. but it would force the democrats to seriously look at entitlements. this could really be a big step in avoiding the fiscal cliff and would give confidence, makes for a good holiday season. it is the thing to do. john boehner and nancy pelosi need to get together, get the votes, and pass the senate bill. host: i want to take you to the republican line. pat in richmond hill, georgia. caller: good morning. yes, overall, in the long term, i have a lot of confidence in the u.s. economy. short-term, as
't they have to be reformed or modified? >> i think the john boehner and mitch mcconnell are going to have a tough sell in front of the american people and a reason why paul ryan was a pretty unpopular vice-presidential candidate. people do not want to cut those programs. >> gregg: and during the 2008 presidential debate, the president promised and i looked it up and double-checked it today, he promised that he would have entitlement reform accomplished and put forth by the end of his first term. hasn't done it. why not? >> well, i think we need to talk about smart cuts first, and what that means is getting rid of waste and fraud and abuse. it means getting rid of these things. >> gregg: he's breaking his promise, isn't he? >> i don't know that that's right. i think when we talked. >> gregg: i watched the debate today, they had a clip. >> sure. >> gregg: of it on youtube, you can take a look at it. and there are 258 americans signed onto the grover norquist pledge never to quote for a tax hike, closing tax loopholes. speaker boehner says i'm willing to break it and do the latter on deducti
this really is taxmaggedon. >> you heard it there, maria. house speaker john boehner says that he wants obama care on the table in this fiscal cliff negotiation. the president has said he's willing to thereon any good ideas. i'm not sure if he's going to think this is a good idea. you think he might listen to this one? >> i think he'll listen, but i think at the end of the day, it's going to be what are in the details. i think what we need to remember, what came out of this election, the clear mandate of this election was two things. number one, for our leaders to come together in a bipartisan manner to put everything on the table, to find real solutions. number two, that the majority of americans agreed with president obama's vision of one of the ways to fix the fiscal cliff had to be to put new revees and to raise the tax rates of the wealthiest americans. president obama won eight out of the ten wealthiest counties in this country in this election, randi, which means even the wealthiest understand they have to put some skin in the game. so i think that going into this, i applaud senator ch
it out. hey, did you see john boehner, how they killed their turkey? they pushed him off the fiscal cliff. >> hostess brands may be going under which means the likely end to those iconic snacks most people love, the twinkies and ho-hos. >> so, of course, david letterman had something to say about it. >> when i was a kid, my mom used to give me the twinkies, and i would get them for lunch. she would put them in my lunch pail, and they were so delicious because back then they used actual organic ingredients. and they were so tasty, and i remember every single bite of those delicious twinkies, and then years later i remembered every single minute of my open heart surgery. >> next hour of "cnn saturday morning" starts right now. >> good morning, everyone. i'm randi kaye. >> and i'm victor blackwell. 9:00 on the east coast and 6:00 out west. thanks for starting your morning with us. we start in egypt where anti-government protests are much smaller today than they have been the last couple of days. demonstrators are upset over president mohamed morsi's expansion of his own powers. the country's
. and that would not be good, but speaker of the house, john boehner along with mitch mcconnell represents republicans at the negotiating table, says he's open to finding the federal government more ways it take in money. >> to show our seriousness, we'll put revenue on the table as long as it's accompanied by significant spending cuts. and while we're going to continue to have revenue on the table. for my colleagues to show the american people that we're serious about cutting spending and solving our fiscal dilemma. but, just because speaker boehner says he backs new revenue doesn't mean we should expect him to suddenly support a big tax increase for the wealthiest americans. >> president obama wants to let the bush era tax cuts expire, so, the top marginal tax rate would rise from 35% to 39.6% and that's going to be a major sticking point in the next month or so, but a month might be all it takes to make a deal because the senate majority leader harry reid seems to think that something can be done by mid december. >> we have a cornerstone of being able to work something out. we're both g
some other republicans. >> this is quite the tight rope for a lot of republicans. even john boehner was reticent in saying, okay, i'm ready to raise taxes. he still is talking about maybe the health care reform act taking some sort of hit. but then therein lies the question that so many americans, they want to see a compromise. what is it going to take? what is going to be the area where either side is willing to compromise? >> well, i think republicans are going to want to see some real spending cuts. the situation has changed. we are in an untenable situation, spending so much more than we're taking in. right now, when you look at president obama's proposed spending cuts, a lot of them are leisure. they're cuts in there, for example, that are already agreed upon. in other words, we already have. so you can't really count those. there are other things he called spending cuts which are for wars we're not going to fight. he's going to save a trillion dollars not fighting wars that we're not going to fight anyway. so that's like me saying i'm going to give you a trillion dollars, no,
. plus protesters showed up naked, look at that. that's house speaker john boehner's office. they were demanding on a serious front demanding funding to fight aids. >> oh, my goodness. >> seven of them will be joining us, fully clothed i'm hoping, to talk about what sparked their protest, what they're hoping to gain, plus she sold 100 million records in a decade. a career that spanned five decades, dionne warwick is our guest. going to talk about her new album, my father is in love with dionne warwick so he'll be all excited about that. much more coming up this morning on "starting point." >> did you invite your father in? >> he can watch it on tv. of course. >> we'll be getting up -- >> oh, my gosh, soledad. thanks. >> you bet. >> black ice and snow causing some trouble after yesterday's storm in the northeast. now, new storm's rolling into the northwest this morning. alexandra steele with the extreme weather center where -- putting the extreme in extreme weather. >> it looked pretty yesterday for a minute. >> oh, i bet. six inches in portions of new jersey. so we've got two things ha
Search Results 0 to 16 of about 17